Contracting in the International Marketplace
Number of pages:
19
ABSTRACT:
A 19 page paper discussing cultural, political, ethical and currency issues in international business. Economic forecasters only altered their estimates of the growth of the US economy after it refused to expand at the expected annual rate of between two and three percent in the mid-1990s. Overall growth has been much greater than that, but expansion of the domestic market for manufactured goods is much lower than the overall rate of growth. It still is the world's emerging markets that offer the greatest hope for the mid-range future. Those emerging markets offer so much promise that it is worthwhile for US multinationals to overcome cultural, linguistic and political differences while managing for currency risks, but it is still imperative to set contracts with those factors in mind. Bibliography lists 31 sources.
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File: CC6_KScontract.doc
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